By Will Healy
Publication Date: 2026-03-14 19:45:00
Artificial intelligence (AI) investing seems to have centered around Nvidia more than any other individual stock. This is understandable, as the company’s AI accelerators have redefined an industry, and no competitor has yet caught up technically.
Still, investors have to remember that Nvidia is not the only stock driving outsized returns from AI. Increasingly, the focus has turned to another chip stock, and investors may want to look into this name before more investors start paying attention.
Image source: Micron.
The next great AI stock
Increasingly, memory chip giant Micron Technology (MU +5.08%) is emerging as an AI stock set for outsized growth.
When it comes to Micron, several tailwinds are coming together to take this stock higher. Micron has become a leader in high-bandwidth memory (HBM). HBM delivers massive data throughput while reducing latency and power consumption. This is critical for running the most advanced AI applications.
Moreover, only three companies produce this type of memory. South Korea-based Samsung and SK Hynix are its competitors. However, from an investor standpoint, Micron is the only American company of the three and the only one trading on U.S. markets, making it the only feasible choice for most investors.
Furthermore, the high demand for HBM has helped address a critical problem with Micron stock. The semiconductor industry is highly cyclical, and unfortunately, down cycles have wiped out all the gains Micron earned in the up cycle in…